#MobiKwik downsizes its IPO for the third time

#MobiKwik downsizes its IPO for the third time

MobiKwik, an Indian financial services startup, has cut the size of its planned IPO for the third time, setting a price band of ₹265-₹279 ($3.1-$3.3) that values it at $250 million — down sharply from its last private valuation of $924 million in 2021. The Gurugram-based fintech, backed by Peak XV and ADIA, is seeking…

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#India’s HealthKart valued at 0M in new investment

#India’s HealthKart valued at $500M in new investment

Indian nutrition startup HealthKart’s valuation has surged to about $500 million in a new investment of $153 million, two sources familiar with the matter told TechCrunch. The investment, one of the largest for an Indian consumer startup this year, was co-led by private equity firms ChrysCapital and Motilal Oswal, with Avendus Capital serving as financial…

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#Oyo founder seeks new investment at .8 billion valuation

#Oyo founder seeks new investment at $3.8 billion valuation

Oyo founder Ritesh Agarwal’s investment vehicle has proposed to inject another $65.1 million into the hotel management startup, according to shareholder notifications reviewed by TechCrunch. The investment, through Redsprig Innovation Partners, would value the SoftBank-backed company at $3.8 billion, according to terms shared in the extraordinary general meeting notice. While this represents a 38% premium…

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#ePlane looks to ride the Indian government’s interest in air taxis with new M round

#ePlane looks to ride the Indian government’s interest in air taxis with new $14M round

Soaring private vehicle ownership and declining use of public and nonmotorized transport have created mounting traffic congestion in India, the world’s most populous country, which also struggles with relatively narrower roads and inadequate parking facilities in cities. New Delhi recognizes these challenges and has been exploring new ways to address them quickly. Indian prime minister…

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